Berkshire Hathaway Inc.

NYSE-BRK.A

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	372,128	371,433	364,482	302,020	276,185	245,579	254,616	247,837	239,933	215,114	210,943
Total Revenues %Chg	0.6%	1.9%	20.7%	9.4%	12.5%	-3.5%	2.7%	3.3%	11.5%	2%	8.3%
Insurance Premiums Earned
Sales and Service Revenues
Leasing Revenues
Freight Rail Transportation Revenues
Utility and Energy Operating Revenues
Service Revenues and Other Income
Operating Revenues
Sales and Service Revenues
Cost of Sales	278,033	280,512	286,667	237,642	215,122	191,930	198,418	193,228	194,431	166,557	157,051
Cost of Sales and Services
Cost of Leasing
Freight Rail Transportation Expenses
Utility and Energy Cost of Sales and Other Expenses
Cost of Sales and Services
Cost of Sales and Operating Expenses
Insurance Losses and Loss Adjustment Expenses
Life, Annuity and Health Benefits
Insurance Underwriting Expenses
Gross Profit	94,095	90,921	77,815	64,378	61,063	53,649	56,198	54,609	45,502	48,557	53,892
Gross Profit Margin	25.3%	24.5%	21.3%	21.3%	22.1%	21.8%	22.1%	22%	19%	22.6%	25.5%
Selling, General & Administrative Expenses	27,746	25,642	25,458	19,506	18,843	19,809	19,226	17,856	19,189	17,973	15,309
Selling, General and Administrative Expenses
Selling, General and Administrative Expenses
Other Operating Expenses	4,115	4,343	4,016	4,984	5,615	15,467	4,098	4,277	3,231	2,589	—
Goodwill and Intangible Asset Impairments
Other Expenses
Other
Operating Profit	62,234	60,936	48,341	39,888	36,605	18,373	32,874	32,476	23,082	27,995	38,583
Operating Margin	16.7%	16.4%	13.3%	13.2%	13.3%	7.5%	12.9%	13.1%	9.6%	13%	18.3%
Interest and Investment Income	20,191	23,666	17,737	12,126	8,351	8,749	10,416	5,511	9,550	7,289	6,745
Equity Method Earnings
Equity in Earnings of Kraft Heinz Company
Interest, Dividend and Other Investment Income
Interest, Dividend and Other Investment Income
Interest Expense	-5,211	-5,200	-5,003	-4,352	-4,172	-4,083	-3,961	-3,853	-4,386	-3,741	-3,515
Interest Expense
Interest Expense
Interest Expense
Non-Operating Income	28,420	52,799	74,855	-67,899	78,542	40,746	72,607	-22,455	2,128	8,304	10,347
Investment Gains
Derivative Contract Gains
Investment Gains
Investment Gains
Derivative Gains
Other-Than-Temporary Impairment Gains on Investments
Other
Total Non-Operating Income	43,400	71,265	87,589	-60,125	82,721	45,412	79,062	-20,797	7,292	11,852	13,577
Income Before Provision for Income Taxes	82,028	110,376	120,166	-30,500	111,861	55,693	102,696	4,001	23,838	33,667	34,946
Earnings Before Income Taxes
Equity in Earnings of Kraft Heinz Company
Provision for Income Taxes	14,284	20,815	23,019	-8,502	20,912	12,440	20,904	-321	-21,515	9,240	10,532
Income Tax Expense
Consolidated Net Income	67,744	89,561	97,147	-21,998	90,949	43,253	81,792	4,322	45,353	24,427	24,414
Net Earnings
Net Income Attributable to Minority Interests and Other	281	566	924	761	1,012	732	375	301	413	353	331
Earnings Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	67,463	88,995	96,223	-22,759	89,937	42,521	81,417	4,021	44,940	24,074	24,083
Net Earnings Attributable to Berkshire Shareholders
Basic EPS	46,909	61,900	66,412	-15,494	59,554	26,668	49,828	2,446	27,326	14,645	14,656
Diluted EPS	46,909	61,900	66,412	-15,494	59,554	26,668	49,828	2,446	27,464	14,679	14,656
Basic Weighted Average Shares Outstanding	1.4	1.4	1.4	1.5	1.5	1.6	1.6	1.6	1.6	1.6	1.6
Total Shares Outstanding	1.4	1.4	1.4	1.5	1.5	1.5	1.6	1.6	1.6	1.6	2.5
Diluted Weighted Average Shares Outstanding	1.4	1.4	1.4	1.5	1.5	1.6	1.6	1.6	1.6	1.6	1.6
EBITDA	75,444	73,791	60,827	50,787	47,323	28,969	42,938	42,255	32,270	36,896	46,362
Effective Tax Rate	17.4%	18.9%	19.2%	27.9%	18.7%	22.3%	20.4%	-8%	-90.3%	27.4%	30.1%